Dow Jones 2014-12-16
Dow Jones: 17180
Equity demand
Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven
Short-run
market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike
market now facing support at 17050 , where below this level market may head to test 16600-700 zone
while as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone
Long-Run
as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year
Daily Trend: Down
Weekly Trend: Up
Support | Resistence | |
Level 1 | 17050 | 17340 |
Level 2 | 16920 | 17450 |
Level 3 | 16700 | 17570 |